The property involved in the transaction is an office asset located at 450 Northwest 65th Terrace in Margate. The sale price was $1,975,000 for an area totaling 8,192 square feet, which translates to a price per square foot of $241. This transaction marks the first ownership transfer for the property in 50 years, and it was sold vacant.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,975,000
• Address: 450 Northwest 65th Terrace
• Market: Margate
• Square Footage: 8,192
• Price Per Square Foot: $241
• Buyer: Tracy Kurtz-McFadden
• Seller: Karl Trindle
• Buyer's Representative: George Pojoga - Providence Real Estate Group
• Seller's Representatives: Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein - The ROI Group - SVN Commercial Partners

Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein of The ROI Group at SVN Commercial Partners represented the seller in this transaction, while George Pojoga represented the buyer, Tracy Kurtz-McFadden. The sale highlights key activity in the commercial real estate market in Margate.